Short-Bitcoin products gain popularity as clampdown-driven crypto outflow persists
Crypto investments product saw the fifth consecutive week of outflow, with over $50 million leaving these products last week....
- Crypto investment products have experienced outflows for five consecutive weeks, with $54 million exiting these products in the past week.
- The United States dominates the outflows, contributing around 77% of the exits due to regulatory clampdowns on crypto-related businesses.
- Short-Bitcoin investment products are considered the "most loved" despite experiencing outflows, while BTC investment products saw the highest outflows.
- Ethereum witnessed an outflow of $4.8 million, despite its attractive investment opportunities.
- Select altcoins like Solana, Cardano, and XRP attracted inflows.
- Overall, digital asset product flows remain positive for the year.
The sentiment in the article is predominantly negative, highlighting the trend of outflows from crypto investment products and the prevailing bearish sentiment in the market. However, there are also mentions of select altcoins attracting inflows, indicating some positive sentiment.